Methodist Home for Children Foundation

Analysis

Methodist Home for Children Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Methodist Home for Children Foundation reported income of $1.4m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 226%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Methodist Home for Children Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Robert H Tannahill Foundation ($1.4m), Akron Marathon Charitable Corporation ($1.4m) and Lev Lalev Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $23.7m against liabilities of $5,500, net assets of $23.7m.